Premine: 1-2% (depending on total supply) for future development, support and maintenance

Bounties: 1-2% (depending on total supply) for strategic direction and promoting of heavycoin

Core teamHeavycoin has a strong developer backing who are comitted to its success. Over time we hope the Heavycoin developer community will grow larger and our long-term goal is to form an open source Heavycoin Foundation for promoting and developing Heavycoin over many years to come. The current Heavycoin core developers are

Decentalized Block Reward VotingHeavycoin introduces a new dynamic with decentralized block reward voting. Heavycoin is the first crypto-currency where the mining schedule and money supply are decided democratically by its user-base. This is achieved by allowing miners to participate in a fully decentralized cheat-proof voting process. The money supply still has a fixed upper-bound of 128M HVC.

Intially Heavycoin starts with a zero block reward. The very first miners will have the first opportunity to solve blocks and vote on what the first democratically selected block reward should be. The first 100 blocks (3.3 hours) will decide the starting block reward. From then on, block reward voting will continue, but the votes are counted and averaged every 3600 blocks (5 days).

How to vote

Heavycoin is configured to mine and vote by default, with a default vote of 512 HVC. If you want to change your block reward vote then see the "How to vote" and "RPC voting" sections of our website (alternatively some information is provided below). When mining is enabled, every time you mine a block your wallet will automatically cast a block reward vote. The Heavycoin network automatically averages these votes every 5 days (3600 blocks) and sets the new block reward accordingly. The block reward is the average of all 3600 votes over the previous voting period rounded to the nearest integer.

Voting RPC interface:

Quote

setvote <vote> - set your block reward votegetvote - get your current block reward votegetmaxvote - get the maximum allowed vote for this phasegetphase - get the current voting phase name (eg. "Mint", "Limit" or "Sustain")getsupply - get the current money supplygetreward - get the current block rewardgetmaxmoney - get the maximum possible money supply

BountiesThanks to the bounty phase, Heavycoin will start with enough funds to do some serious work in terms of branding, marketing and promotion. Here are some of the projects we will be rewarding early adopters and promoters for. If you are interested, then please post to the forum and send a PM so we can confirm the details.